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Use the following to answer questions 21-27 A. Cash ASSETS B. Accounts Receivable C. Supplies D. Prepaid advertising E. Equipment LIABILITIES & STOCKHOLDERS' EQUITY
Use the following to answer questions 21-27 A. Cash ASSETS B. Accounts Receivable C. Supplies D. Prepaid advertising E. Equipment LIABILITIES & STOCKHOLDERS' EQUITY F. Accounts Payable G. Salaries Payable H. Deferred revenue 1. Notes Payable J. Retained Earnings INCOME STATEMENT ACCOUNTS K. Service Revenue L. Advertising expense M. Rent Expense N. Salaries/Wage expense O. Utilities expense February 1 transaction is completed as an example: Only Include the letter of the account not the account name. Date Transaction AMOUNT February 01 (ex) Pald an Accounts Payable $1,200 February 2 February 7 Collected from customers the amount they owed for services provided last month Purchased equipment by signing a note payable 16,000 125,000 February 14 February 15 Paid a deposit for advertising in next month's trade magazine Invoiced customers for the services provided for the first two 2,500 weeks of the month 16,000 February 28 Paid rent for the month 4,000 February 28 Pald salaries and wages for the month 13,500 ex Date FEB 1 Account Debit Credit F A Account payable (L-) Cash (A-) 1,200 1,200 21. Feb 2 22. Feb 7 23. Feb 14 24. Feb 15 25. Feb 28 26. Feb 28 Cash 27. $ I If January 31st cash was $15,000, what is the cash balance at the end of the day on 2/28? (Make sure to include the Feb 1 example).
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